Cheap 2015 Ford Five Hundred Insurance Rates

Drivers have many options when trying to find the best price on Ford Five Hundred insurance. You can either waste hours contacting agents trying to get quotes or utilize the internet to compare rates. There are both good and bad ways to buy insurance and you need to know the quickest way to compare rates on a Ford and obtain the cheapest rates either online or from local insurance agents.

Compare the Market for Auto Insurance

Cutting your auto insurance rates is not a difficult process. The only thing you need to do is take a couple of minutes comparing rate quotes online with multiple companies. This can be done using a couple different methods.

The recommended way to get quotes is an all-inclusive rate comparison (click to open form in new window). This type of form prevents you from having to do multiple quote forms for each company you want a rate for. A single form gets you coverage quotes from all major companies. Recommended for those who want to invest the least amount of time.

A less efficient way to shop for auto insurance online consists of going to the website of each company and request a quote. For instance, we’ll assume you want rates from USAA, 21st Century and American Family. To get rate quotes you would need to visit each site and enter your information, which is why the first method is more popular.

For a list of links to insurance companies in your area, click here.

The most time-consuming way of getting rate comparisons is to spend your day driving to and from local insurance agencies. Shopping for auto insurance online has reduced the need for local agents unless you require the trained guidance only provided by licensed agents. You can, however, compare online quotes and still use a local agent and we’ll cover that in a bit.

It’s up to you how you get prices quotes, just ensure you’re using identical information with each company. If the quotes have different liability limits it will be next to impossible to determine the lowest rate for your Ford Five Hundred.

When might I need help?

When it comes to buying the right insurance coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions might help in determining whether your personal situation might need professional guidance.

  • Is rental equipment covered for theft or damage?
  • Is my Ford Five Hundred covered if I use it for business?
  • If I drive on a suspended license am I covered?
  • Do I need more liability coverage?
  • Do all my vehicles need collision coverage?
  • Does insurance cover damages from a DUI accident?
  • When should my teen driver be added to my policy?

If you can’t answer these questions, you may need to chat with an agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and can help protect your family.

Educate yourself about insurance coverages

Having a good grasp of a insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and reading a policy is terribly boring.

Comprehensive coverages

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like fire damage, a tree branch falling on your vehicle and falling objects. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Coverage for liability

This can cover damage that occurs to people or other property that is your fault. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like repair costs for stationary objects, bail bonds, attorney fees and emergency aid. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for short-term medical expenses like doctor visits, X-ray expenses and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2015 Ford Five Hundred.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Collision protection

Collision coverage covers damage to your Five Hundred resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like crashing into a building, hitting a mailbox, colliding with another moving vehicle, colliding with a tree and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.